Service Corporation International Declares Quarterly Cash Dividend

2008-08-13 14:11:00

    HOUSTON, Aug. 13 /EMWNews/ -- Service Corporation

International (NYSE: SCI), which owns and operates funeral service

locations and cemeteries, today announced that its Board of Directors has

approved a quarterly cash dividend of four cents per share of common stock.

The quarterly cash dividend announced today is payable on October 31, 2008

to shareholders of record at the close of business on October 16, 2008.

While the Company intends to pay regular quarterly cash dividends for the

foreseeable future, all subsequent dividends, and the establishment of

record and payment dates, are subject to final determination by the Board

of Directors each quarter after its review of the Company's financial

performance.



    Cautionary Statement on Forward-Looking Statements



    The statements in this press release that are not historical facts are

forward-looking statements. These forward-looking statements have been made

in reliance on the "safe harbor" protections provided under the Private

Securities Litigation Reform Act of 1995. These statements may be

accompanied by words such as "believe," "estimate," "project," "expect,"

"anticipate," or "predict," that convey the uncertainty of future events or

outcomes. These statements are based on assumptions that we believe are

reasonable; however, many important factors could cause our actual results

in the future to differ materially from the forward-looking statements made

herein and in any other documents or oral presentations made by, or on

behalf of us. There can be no assurance that future dividends will be

declared. The actual declaration of future dividends, and the establishment

of record and payment dates, is subject to final determination by our Board

of Directors each quarter after its review of our financial performance.

Important factors which could cause actual results to differ materially

from those in forward-looking statements include, among others,

restrictions on the payment of dividends under existing or future credit

agreements or other financing arrangements; changes in tax laws relating to

corporate dividends; a determination by the Board of Directors that the

declaration of a dividend is not in the best interests of the Company and

its shareholders; an increase in our cash needs or a decrease in available

cash; or a deterioration in our financial condition or results. For further

information on these and other risks and uncertainties, see our Securities

and Exchange Commission filings, including our 2007 Annual Report on Form

10-K. Copies of this document as well as other SEC filings can be obtained

from our website at http://www.sci-corp.com. We assume no obligation to

publicly update or revise any forward-looking statements made herein or any

other forward-looking statements made by us, whether as a result of new

information, future events or otherwise.



    About Service Corporation International



    Service Corporation International (NYSE: SCI), headquartered in

Houston, Texas, is North America's leading provider of deathcare products

and services. At June 30, 2008, we owned and operated more than 1,300

funeral homes and 350 cemeteries (of which over 200 are combination

locations) in 43 states, eight Canadian provinces, the District of Columbia

and Puerto Rico. Through our businesses, we market the Dignity Memorial(R)

brand which offers assurance of quality, value, caring service, and

exceptional customer satisfaction. For more information about Service

Corporation International, please visit our website at

http://www.sci-corp.com. For more information about Dignity Memorial(R),

please visit http://www.dignitymemorial.com.




For additional information contact: Investors: Debbie Young - Director / Investor Relations (713) 525-9088 Media: Lisa Marshall - Managing Director / Corporate Communications (713) 525-3066

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